Matrixport doubles down on $45K Bitcoin year-end prediction
After first setting its 2023-year-end BTC price target at $45,000 in early 2023, Matrixport has reiterated its bold Bitcoin prediction. Matrixport, a cryptocurrency trading firm founded by Bitmain co-founder Wu Jihan, has double d down on its prediction that Bitcoin (BTC) will hit $45,000 by the end of 2023. After first setting its 2023-year-end BTC price target at $45,000 in early 2023, Matrixport reiterated its bold Bitcoin prediction in a blog post on Oct. 24. Titled “Bitcoin Targets $45,000 — FOMO Is Hitting the Market,” the blog post provides a brief Analysis of Matrixport’s previous market forecasts, noting that the firm successfully predicted several market events. Matrixport specifically cited its “October Ignites a Bitcoin Boom: Institutions Fueling the Price Surge” report from September 2023, which has so far successfully predicted significant action on the Bitcoin market in October. The firm predicted that October would be a strong month for Bitcoin due to excitement arou...